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ADIB Egypt launches contactless payment service

October 15, 2020
islamic finance

ArabFinance: Abu Dhabi Islamic Bank- Egypt (ADIB) launched its latest contactless e-payment method Beat through the World Debit MasterCard, according to an October 14th press release.

The new product came into effect last September, in line with ADIB Egypt’s strategy to implement digital transformation, the statement said.

Beat allows payment, equity withdrawal, and balance inquiries services inside and outside Egypt through a wearable device like an electronic bracelet, which operates once in contact with any contactless service-backed point of sale or ATM, according to ADIB Egypt.

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